How Fears Of A Possible Russian Invasion Of Ukraine Is Impacting Bitcoin

Bitcoin price, in the face of a possible Russian invasion of Ukraine, is shedding 0.7% of its value and is currently trading at $43,352 on Coingecko charts Thursday, retreating from the $47,000 level it hit on January 1. Ethereum (ETH), the second most popular cryptocurrency also, is also down 2.14% to $2,873. The world’s most valuable cryptocurrencies are on the decline Thursday as news of a possible military action by Russia on Ukraine sends markets into a tailspin. Russian Invasion Jitters Jolt Top Cryptos Bitcoin is losing 3% of its value as Western jitters about Russian aggression on its neighbor Ukraine have grown higher, and worse than the Nasdaq Composite index’s 0.9% drop last December. Even though Russia is amassing more than 100,000 troops near the Ukrainian border, some investors refer to the relative calmness of trading during this period of escalating geopolitical tensions. Russia rejects western warnings of an invasion as “hypocrisy.” According to BuyBitcoinWorldwide’s volatility index, Bitcoin’s current 30-day volatility is losing 3.35% of its value; it averages 4.56% back in 2021, although it still has not given up all of its gains from lows of $32,950 two weeks ago. BTC total market cap at $817.952 billion in the daily chart | Source: TradingView.com Russia-Ukraine Frictions And Its Impact On Crypto According to reports, United States President Joe Biden held an hour-long chat with Ukrainian President Vo...